Topic

Budgeting

Understand where the money goes, cut waste and treat every dollar as an investment in results.

Booth space is the number everybody quotes, and it's the smallest surprise in a trade show budget. Electrical, internet, material handling, labor and booth cleaning all come on top of it, and the final bill often arrives after the show. Plan for those costs up front and treat the whole show as an investment in what you want it to do for you.

Budget for the whole show

An EXHIBITOR magazine survey put booth space at roughly a quarter of the average exhibit budget, with show services next in line. If you need a rough number before the quotes come in, I'd plan on the whole show costing around four times the space price, then swap in real quotes as soon as you have them. Check whether travel is in that number too. I break this down in how to choose which trade shows to exhibit at and why trade shows are so expensive.

Order early

Many show services come in two or three price tiers. There's an advance price if you order by the deadline, a higher standard price after it, and often an even higher show-site price if you order on site. You can't negotiate the electrical rate at a convention center, but you can make sure you pay the advance price instead of the standard or show-site price. Each vendor sets its own deadline, so put every one on the calendar the day the manual opens. My guide to the exhibitor manual deadlines that save the most shows which ones to hit first.

Watch labor and the city

Labor on overtime costs a lot more than the same work on straight time, so the move-in schedule belongs in the budget conversation. Costs also differ from city to city, and my convention center guides cover the local rules and costs.

Spend less where it doesn't show

Ship fewer, heavier pieces and print fewer brochures. It's also worth looking at renting your exhibit, carpet or A/V so you aren't paying to store them. There are more ideas in cut energy costs at tradeshows. Going cheap on the things attendees do see is a different story, and it made my list of the 25 most common trade show mistakes.

Compare budget vs. actual

After every show, track what you actually spent and compare it with your budget and your objectives. If you spent more, was it worth it? That's one of my 3 things to measure at trade shows.

Start here